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UNFRIEND COAL NEWS ALERT

The Unfriend Coal & Insure Our Future campaigns call on insurance companies to stop underwriting and investing in climate-destroying coal. 


New York pension funds ask insurers to ditch coal 

 

On Friday 24th April, New York City Comptroller Scott Stringer called on AIG, Berkshire Hathaway and Liberty Mutual to end all business with the coal industry – including ceasing to underwrite coal projects and divesting from coal companies – on behalf of the city's pension funds.

Stringer told the insurers that continued involvement in the coal sector is “incompatible both with your obligation to protect your clients from harm...and your responsibility to protect and create long-term shareholder value”.

The letter sends a strong message that we can continue to address the climate emergency while fighting the COVID-19 pandemic. 

Read more on the NYC story on the Unfriend Coal website

BROKERS' CLIMATE HYPOCRISY


Willis Towers Watson's annual Energy Market Review remains silent on the transition to a zero-carbon economy, with puff pieces on fossil fuel companies and their insurers...
Read more

LLOYD'S REPORT DODGES COAL


The transition to a low-carbon economy will bring “radical change” to the power sector, finds a new Lloyd's report. But it conveniently omits the major role Lloyd's continues to play in insuring coal...
Read more 

FOSSIL FUEL EXIT DEMAND


"To truly tackle the climate crisis at scale, the insurance industry must adopt clear plans to align all of their business with 1.5º C", states a recent commentary in PropertyCasualty360...
Read more

TAKE ACTION!


Global insurance broker Marsh is helping Adani find insurance for the climate-wrecking Carmichael coal mine.

Sign the petition urging Marsh ahead of their May 21st AGM to insure our future, not the Carmichael project!

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